Market Snapshots

NZDCHF Wave Analysis – 23 July, 2020

NZDCHF Wave Analysis – 23 July, 2020

• NZDCHF reversed from resistance level 0.6225

• Likely to fall to 0.6100

NZDCHF recently reversed down from the resistance level 0.6225 (top of the previous impulse wave (iii)), intersecting with the upper daily Bollinger Band.

The downward reversal from the resistance level 0.6225 will likely create the daily Evening Star Doji – if the pair closes today near the current levels.

NZDCHF is likely to fall further toward the next support level 0.6100 (low of the previous correction (ii) from the start of July).

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